Alico: Fiscal 1Q Earnings Snapshot

Posted at 4:58 PM, Feb 11, 2019
and last updated 2019-02-11 16:58:17-05

FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a fiscal first-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.

The Ft. Myers, Florida-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, were 10 cents per share.

The agribusiness and land management company posted revenue of $14.8 million in the period.

Alico shares have risen roughly 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.70, a rise of 15 percent in the last 12 months.


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